Yongnam   

Yong nam

Why are the rights traded have they been subscribed yet?

 

first day of Rights Trading, closing price as below

	Yongnam		0.270	-0.010	-3.6	7,522	1,295	0.270	0.275	254	0.285	0.270	CONS
	Yongnam R		0.030	-	-	17,546	4,571	0.030	0.035	600	0.040	0.020	CONS
	Yongnam R300		0.035	-	-	242	48	0.030	0.035	13	0.040	0.025	CONS

 

 

Thanks tiandi

 

ghlau935,

Yongnam R is for 1000-Rights as a denominator , or 'unit'.
Yongnam R300 is for 300-Rights as a unit.

Much like 1000-dollar Note and 300-dollar Note when we deal with money.


If you want to Trade 300 Rights, you need to use Yongnam R300


If you want to trade 5000 Rights, you need to use Yongnam R

If you want to trade 1600 Rights, you need to use both R and R300.

Hope this helps.

 

Hi tiandi

What is the different between Yongnam R (for 1000) and Yongnam R300 ( for 300)?

 

just for info to those who may not know yet. the Rights will be recognised as Yongnam R (for 1000) and Yongnam R300 ( for 300). sgx website had their tickers ( symbols) as below:

	Yongnam		0.295	-0.005	-1.7	5,571	173	0.295	0.300	1,122	0.295	0.280	CONS
	Yongnam R	PL	-	-	-	-	-	-	-	-	-	-	CONS
	Yongnam R300	PL	-	-	-	-	-	-	-	-	-	-	CONS

 

Hallo Bro,

Perhaps need to wait untuk arround .28 to get in ... play safe is better.

 

After yesterday, 19 Nov 07, Ex Right, CDP will send the stock owner the Right's Document, my Dealler said. Cheers.

 

I did not receive anything yet too... I think we shall get it soon.

i am afraid yongnam might touch 0.275 today, haiih...

 

Are we supposed to receive any communication from the company before we can exercise our rights?

I bought the shares when it was cum rights but have yet to receive any communication on this.

 

 

oh shit.. no wonder price drops recently..

JPMorgan Chase & Co. and its affiliates. sold 13,940 lots , shit.. that's about $4.46 million dollars.

sold another 11,197 lots, that's about $3.7 millions, total $ 8.1 millions throw ?!!!

alah, they just need money to cover the loss of sub-prime, heee...

 

I can put this in another aspect, now that Mother share is about 31 cents, and you are given 3 cents RIGHT, is that good? Here is some math,  You pay 3 cents, and hold this warrant2012 for 5 years, anytime within 5 year you can convert one warrant 2012 to One New YongNam share by exercising or paying $0.25 each! So what that means is if YN share price maintain anything  like 28 cents you are break even. But If YN share go up to says 43 cents, you are making a profit of 43-3-25=15 cents by using just 3 cents! So you are paying a very small amount of money on warrant2012 for a 5-year HOPE that YN share will trade much higher than 28 cents. Does that sound reasonable for your understanding?  Remember you should make your own decision after understanding the meaning of the Rights Issue and the Warrant2012.

it is too late to act now... but for 5 years, i think yongnam is $ 1.00, heeee...  remember IR , F1, Orchard Turn, heee.. more to come baby.,

 

Theresa, I think you might have some misunderstanding on the meaning of  Rights, Warrant, Exercise Price.
 First, I do not assume exercise price of $0.25, this was announced by the company and sgx in Oct18, Oct23 and Nov 13. You can read from sgx website for YongNam.

Q: I also saw that you reply that the shares will be converted to mother shares, but this is a warrant not rights, when the exercise date has expire, will it be converted to mother share? The Warrant 2012 is the second part of the Rights.issue announced by the company. Each warrant entitle you to convert to one NEW mother share with an exercise Price of $0.25. Expiry would be 5 years. you need to follow their procedure to exercise before 5 years is up. It becomes zero value after its expiry.

Q: The trading date for this "warrant" is from 22/Nov to 30/Nov, so what happen after this date, I am confuse.
A: You are confused because this refers to the first part of the Rights Issue, the "warrant" does not exist yet. If you change your word "warrant" to Rights it will be OK.
Read announcement from sgx website, read the BOLD prints: there are Rights
RIGHTS Announced on 2007-11-01    Particulars :    WARRANTS OFFER OF 3 FOR 10 @ $0.03
    Ex-date :    15 Nov 2007
    Buy-In Last Cum Date :    20 Nov 2007
    Record Date :    19 Nov 2007
    Rights Closing Date :    6 Dec 2007
    Rights Trading Period :    From 22 Nov 2007 To 30 Nov 2007
So since this Rights is transferable, it can be traded in the market, 22-30 Nov are the 7 trading days provided.
What happen after 30 Nov? The Rights will stop being traded over sgx.
Next, Rights is short life time, in this case , it  had a Dec 9 as Rights Closing Date, you must act before this closing date.

Q: If I dun pick up the warrants that is offer to me at S$0.03 now, the price of the mother share is so low now, then is it that I will hv a hard time of gaining back my money? If you dont pick up, then you just 'renounce', recline the offer, Nothing will happen

I can put this in another aspect, now that Mother share is about 31 cents, and you are given 3 cents RIGHT, is that good? Here is some math,  You pay 3 cents, and hold this warrant2012 for 5 years, anytime within 5 year you can convert one warrant 2012 to One New YongNam share by exercising or paying $0.25 each! So what that means is if YN share price maintain anything  like 28 cents you are break even. But If YN share go up to says 43 cents, you are making a profit of 43-3-25=15 cents by using just 3 cents! So you are paying a very small amount of money on warrant2012 for a 5-year HOPE that YN share will trade much higher than 28 cents. Does that sound reasonable for your understanding?  Remember you should make your own decision after understanding the meaning of the Rights Issue and the Warrant2012.
 

 

 

jackjames,

 

the listed warrant YongNam W090826 is the old warrant 2004 expire 26 Aug 2009, thus the number W090826, you can click sgx website and the information are as below:

Warrants / Convertible Securities

YONGNAM HOLDINGS LTD W090826

Last Date/ Time to submit Subscription Notice	26 AUG 2009 05:00 PM
Listing Date	31 AUG 2004
Expiry Date	26 AUG 2009
Outstanding Balance	5,835,086
Price ($) as at 2007-11-16	0.335
High for the year ($)	0.535
Low for the year ($)	0.090
High for the month ($)	0.360
Low for the month ($)	0.325
Exercise Price	SGD 0.03000
Underlying Stock	YONGNAM HOLDINGS LIMITED
Underlying Stock Price ($) as at 2007-11-16	0.325
Conversion Ratio	1 share(s) : 1 warrant(s)
Cash ($)	0.000
Premium/(Discount) (%) (Cash)	12.31
Premium/(Discount) (%) (Bonds)
Gearing (x)	0.97
Remarks

Warrant Agent
Name	TRICOR BARBINDER SHARE REGISTRATION SVCS
Telephone No.	6236 3333
Fax No.	6236 4399
Address	8 CROSS STREET #11-00 PWC BUILDING SINGAPORE 048424

 

 

thank you so much tiandi.. really appreciate your helps here.

yes, I shall et to know this warrant expiry date, it is not stated in the documents, however, there is one warrant shares of yongnam listed right now.. but i do not think that's the same warrant as the price now is even higher than the mother shares.

 

jackjames,

I took some time to read the information on sgx website on this Rights Issue, Oct 18, and 23 documents have details on outstanding shares, outstanding share options, outstanding Warrant 2004. Numbers are in the Documents. As this was summarised into two numbers: Total max Warrant in this Rights Issue is 366,574,743. This means about 10.8 to 10.9 Million dollars will be raised on this Rights issue. Total number shares if other options and Warrant2004 are 100$ subscribed is 1221,915,819 which make for the 3 for 10 Rights. At the end of 2012 if all warrant are exercise the total share will become sum of the above two numbers.


This new RIGHTS is Warrant that had expiry date 5 year from the date of issue ( I do not yet know what date ) but in any case this Warrant would expire in year 2012., lets just called it Warrant 2012 ( please use for reference only, Yong Num/CDP shall use an official term later).


I think what it meant for you is you need to come out with 0.03 to pay for the 3 for 10 shares first after you are given with the letter of offer.  Assuming  you have 20000 shares, then you should be given 6000 Warrant 2012 and you need to pay $180 (6000X0.03) if you choose to subscribe.  What happen after this is upon processing and approval, you will have 6000 Warrant 2012 in your CDP account, you have upto 5 year to exercise at $0.25 each or a total cash requirement of $1500. It is long time to think about for 5 year.  The Warrant 2012 will be transferable and thus it also had a market value, that will fluctuate daily.


May be you can refer to the following links  from CDP website  on meaning of Warrant and Value of Warrant,   I paste  here for you and other people to refer to. 

What is Warrant?  http://www.cdp.com.sg/corporate/warrant.html

Value of My Warrants   http://www.cdp.com.sg/corporate/warrant_value.html

In additons, how to exercise Warrant is described in CDP website, its link is http://www.cdp.com.sg/faq/warrant_faq.html

your Q:  so, I will have 6 warrants shares. Should be 6000 warrant 2012. BUT, I have to buy these 6000 warrant shares at $ 0.03 = which is SGD 180 ? Yes.  then, when is the transfer date from warrant to mother shares ? Read above website on how to exercise when can you sell the converted mother shares. is it direct transfer from warrant to mother shares? Read above website $ 0.03 + $ 0.25 = $0.28?

$ 0.25 for each new shares are given free if I am the yongnam shareholders, right? No, should be you paid 0.03 to get the Rights , then if you want to exercise and convert to mother share, you paid exercise price of 0.25, You must exercise before expiry, or else these become zero value  You can choose to sell the warrant 2012 at market before it expires. Market price or value of warrant: read the above website link.  To determine the value of a warrant, you should consider a few factors, with the two most important ones being its exercise price and the price of the ordinary shares traded.

 

 

 

tiandi,

say I have 20 lots of Yongnam shares.. what is the situation?

first of all, 1 new ordinary shares in the capital of the company (new share) at an exercise price of $0.25 for each new shares, on the basis of 3 warrants for every 10 existing ordinary shares of the company held.  S$0.03 for each warrant issue price

so, I will have 6 warrants shares. BUT, I have to buy these 6 warrant shares at $ 0.03 = which is SGD 180 ? then, when is the transfer date from warrant to mother shares ? is it direct transfer from warrant to mother shares? $ 0.03 + $ 0.25 = $0.28 ? $ 0.25 for each new shares are given free if I am the yongnam shareholders, right?

sorry, this is a bit confusing.. please correct me as I think many mistakes inside.

 

 

terry138. May I know what are you basing on to say next week the price will re-bounce?

TA certainly shows that the downtrend is going to continue.

Furthermore, the closing today shows that this counter is under sell down pressure.

Time	Last	Volume	Buy/Sell
17:05:04	0.325	465,000	X
16:59:37	0.330	15,000	Buy Up
16:59:34	0.325	20,000	Sell Down
16:58:45	0.330	20,000	Buy Up
16:56:38	0.325	20,000	Sell Down
16:56:11	0.330	416,000	Sell Down
16:55:55	0.330	50,000	Sell Down
16:54:53	0.330	1,000	Sell Down
16:53:59	0.330	10,000	Sell Down
16:53:58	0.335	15,000	Buy Up
16:53:05	0.330	50,000	Buy Up
16:53:05	0.330	3,000	Buy Up
16:52:21	0.330	247,000	Sell Down
16:51:09	0.330	3,000	Sell Down
16:50:14	0.330	2,000	Sell Down
16:50:11	0.330	10,000	Sell Down
16:50:09	0.330	13,000	Buy Up
16:49:50	0.330	10,000	Buy Up
16:49:06	0.330	27,000	Sell Down
16:48:33	0.330	100,000	Sell Down

 

 

gentlemen - don't worry. yn will re-bound by next week ! good luck to those whom have vested.